Category: Business

  • MIL-OSI: LNG Energy Group Announces Release of Its Sustainability Report

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Company” or “LNG Energy Group”) today released its 2023 Sustainability Report (the “Sustainability Report”).

    “I am pleased to report that LNG Energy Group has released its Sustainability Report and has taken a leading role in ESG and sustainability initiatives in Colombia,” comments Pablo Navarro, Chairman and Chief Executive Officer of the Company. “Our Sustainability Report highlights all of our important activities in Colombia and our approach to minimizing our environmental impact while improving the living standards of our local communities.”

    The Sustainability Report presents the Company’s sustainability initiatives in 2023 and into 2024. The Sustainability Report can be accessed on the Company’s website at: https://www.lngenergygroup.com/sustainability.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About LNG Energy Group

    The Company is focused on the acquisition and development of oil and gas exploration and production assets in Latin America.

    For more information, please see below:

    Website:
    www.lngenergygroup.com

    Investor Relations:
    James Morris, Vice-President, Business Development and Investor Relations
    Email: investor.relations@lngenergygroup.com
    Telephone: 205-835-0676

    Find us on social media:
    LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/  
    Instagram: @lngenergygroup
    X: @LNGEnergyCorp

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often using phrases such as “expects”, “anticipates”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “should”, “might” or “will” be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include: general business, economic, competitive, political and social uncertainties; delay or failure to receive any necessary board, shareholder or regulatory approvals, factors may occur which impede or prevent LNG Energy Group’s future business plans; and other factors beyond the control of LNG Energy Group. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, LNG Energy Group assumes no obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise, except as required by law.

    The MIL Network

  • MIL-OSI: Billion Dollar Commercial Drone Market Poised for Continued Growth, Driven by A.I. Technological Advances

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The commercial drone market is experiencing significant growth due to increasing demand from various industries such as construction, agriculture, security, military applications and so much more. Drones offer benefits like cost savings, improved efficiency, and enhanced safety for businesses. Market size is projected to reach USD12.3 billion by 2025, driven by technological advancements and regulatory approvals. AI is driving market transformation… The global commercial drones market size is estimated to grow by USD $126.87 billion from 2024-2028, according to a report from Technavio. The market is estimated to grow at a CAGR of 57.74% during the forecast period. Rising applications of drones is driving market growth, with a trend towards new developments and launches of commercial drones. The report continued: “The commercial drones market is experiencing significant growth due to the continuous introduction of new drones, components, and software solutions by vendors. Companies across various industries are integrating drones into their operations for managing assets, monitoring sites, inspecting facilities, and capturing real-time data… featuring advanced autonomous flight technology and Artificial Intelligence, ensuring safe and stable flight in challenging environments. Such innovations increase the availability of advanced drone products and software solutions, fueling the adoption of commercial drones in the forecast period.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), C3 AI (NYSE: AI), NVIDIA Corporation (NASDAQ: NVDA), SoundHound AI, Inc. (NASDAQ: SOUN), AeroVironment (NASDAQ: AVAV).

    “The Commercial Drone Market is experiencing significant growth, particularly in sectors like… Agriculture. Drones equipped with high-quality Cameras are trending, with VAPOR Helicopter leading the way. Artificial Intelligence and Machine Learning are revolutionizing Decision making in industries, from Inspection activities to Farm management. Hybrid drones, combining features of Quadcopters, Octocopters, and Hexacopters, are gaining popularity. In Agriculture, drones help reduce costs, increase Yield, and monitor crops using services like Raptor Maps. Filmmakers and Ecommerce sectors also benefit from aerial photography and warehouse management. The Commercial Drone Market is experiencing significant growth as Quadcopters, Octocopters, and Hexacopters find increasing applications in various sectors. Challenges in flight control, firmware, middleware, computer vision, and environmental awareness are being addressed through technological advances in electronics, computing, microcontrollers, and processors.”

    ZenaTech Inc. (NASDAQ:ZENA) Issues Big Development News Today on Adding Patent Assets to the Company – Get the full details by visiting: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments this week include:

    ZenaTech Announced a Software Company Acquisition Adding Significant Capabilities to Building AI Drones – ZenaTech also announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech’s ZenaDrone AI drone solutions. This transaction further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

    “Adding Jadian and DeskFlex software capabilities to the ZenaTech portfolio is part of our strategy to offer full stack, integrated AI drone solutions targeted to multiple sectors such as Agriculture. Jadian’s compliance software will be integrated with ZenaDrone drone hardware and sensors to help farmers track and manage regulatory and environmental requirements such as crop traceability, fertilizer and pesticide use, water conservation, and greenhouse gas emissions. Deskflex scheduling and mapping software will add value integrated into our property management sector solutions,” said CEO Shaun Passley, Ph.D. Read this full release at: https://finance.yahoo.com/news/zenatech-announces-software-company-acquisition-113000656.html

    Other recent developments in the technology industry include:

    C3 AI (NYSE: AI) recently announced the newly re-branded C3 AI Asset Performance Suite, a collection of powerful, purpose-built AI applications that work together to help enterprises maximize value and improve sustainability performance. The C3 AI Asset Performance Suite includes C3 AI Reliability, C3 AI Process Optimization, and C3 AI Energy Management. These applications offer enterprises optimized asset performance through improvements in operational efficiency across business units.

    “C3 AI is the leader in AI-powered predictive maintenance, and our customers are some of the most satisfied in the industry because our technology makes a positive impact on their bottom line and continually maximizes their investments,” said Thomas M. Siebel, CEO, C3 AI. “This re-brand of the C3 AI Asset Performance Suite is in recognition that customers realize the most value by deploying applications that work in concert together and address entire value chains; in this case, with predictive maintenance, process optimization, and energy management.”

    SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced its SoundHound Chat AI voice assistant has launched new customization tools to help transform how automotive brands interact with their customers within the vehicle. The new features are currently being piloted with some of SoundHound’s OEM partners.

    In addition to the core features offered from SoundHound Chat AI’s best-in-class voice assistant – which integrates generative AI capabilities with car controls and real-time domains like flight times, navigation, and weather – OEMs will be able to take control with customizations that work for their loyal consumers and align closely with their identity as an automaker. This new layer of customization will provide drivers with a more engaging and informative experience, allowing them to explore vehicle features and functionalities with greater ease and effectiveness.

    AeroVironment (NASDAQ: AVAV) recently announced that the U.S. Army has awarded a $54.9 million delivery order for the production of Switchblade® loitering munition systems. The recently announced award includes an additional contract ceiling of $743 million with $54.9 million in new funding. This contract is issued as part of a broader, previously executed, indefinite delivery, indefinite quantity contract, and ensures continued support for both the U.S. Army and several allied partners, including Lithuania, Romania, and Sweden.

    Work on this contract will be performed in Simi Valley, California, with an estimated completion date of June 30, 2026. The award, which leverages fiscal 2023 and 2024 Army funds along with Foreign Military Sales, highlights AV’s ongoing commitment to delivering proven, battlefield-ready technology that meets the evolving needs of modern armed forces.

    NVIDIA Corporation (NASDAQ: NVDA) recently announced that it has contributed foundational elements of its NVIDIA Blackwell accelerated computing platform design to the Open Compute Project (OCP) and broadened NVIDIA Spectrum-X™ support for OCP standards.

    At this year’s OCP Global Summit, NVIDIA will be sharing key portions of the NVIDIA GB200 NVL72 system electro-mechanical design with the OCP community — including the rack architecture, compute and switch tray mechanicals, liquid-cooling and thermal environment specifications, and NVIDIA NVLink™ cable cartridge volumetrics — to support higher compute density and networking bandwidth.

    NVIDIA has already made several official contributions to OCP across multiple hardware generations, including its NVIDIA HGX™ H100 baseboard design specification, to help provide the ecosystem with a wider choice of offerings from the world’s computer makers and expand the adoption of AI.

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    The MIL Network

  • MIL-OSI: MINT Income Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — MINT Income Fund (TSX: MID.UN) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of MINT Income Fund as follows:

    Record Date Payable Date Distribution Per Trust Unit
    October 31, 2024 November 15, 2024 $0.04
    November 30, 2024 December13, 2024 $0.04
    December 31, 2024 January 15, 2025 $0.04


    The trust units trade on the Toronto Stock Exchange under the symbol MID.UN.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning the distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains. The risks, uncertainties and other factors that could influence actual results are described in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI Global: Your politics can affect whether you click on sponsored search results, new research shows

    Source: The Conversation – USA – By Alexander Davidson, Associate Professor of Marketing, Wayne State University

    Good news for digital marketers. Boy Wirat/Getty Images

    American businesses spend close to US$100 billion each year to secure top advertising spots in search engine results – even though it’s not exactly a secret that most online shoppers scroll right past them.

    In fact, organic links – results that aren’t sponsored advertisements – can receive up to 10 times as many clicks as search ads, industry data shows.

    I refer to this phenomenon as “search ad avoidance,” and it’s a big problem for the multibillion-dollar industry. But it turns out that not all groups are equally averse to clicking on sponsored search results.

    According to my newly published peer-reviewed research, people with conservative political views are more likely to click on sponsored search results.

    Republican-leaning brands such as Black Rifle Coffee Company might want to take note.

    Conservatives are more likely to click search ads

    To explore the relationship between politics and search engine behavior, I conducted several studies.

    First, I examined data from more than 500,000 visitors to a nationwide retailer’s website. I analyzed the percentage of visitors from each U.S. state who arrived at the website by clicking a search ad versus an organic link. Then I looked at the share of each state’s residents who describe themselves as conservative.

    I found that more conservative states were associated with more clicks for search ads over organic links. Specifically, a 10% increase in a state’s conservative identity was associated with a 6.4% increase in search ad clicks.

    Given that, on average, conservatives are older and have higher incomes than liberals, I also looked at each state’s median age and per-capita personal income. Again, the data confirmed the relationship between conservatism and search ad clicks. Neither age nor income had any significant impact.

    To better understand what was going on, I conducted additional studies where I could monitor people’s searches in a more controlled setting using online surveys.

    I asked online participants to search for a product the same way they would using Google. Then, I brought them to a search results page and asked them to indicate how likely they would be to click on a search ad versus an organic link.

    I also measured their political orientation in two different ways: through self-identification and attitudes toward political issues. Once again, I found that regardless of age or income, more conservative people were more likely to click on search ads.

    Why the promotional is political

    The decision to click on an ad – or not – might seem quite minor. But I believe ad avoidance is strongly rooted in people’s core beliefs and values.

    While conservatives tend to trust and justify the role of marketplace systems, liberals are more skeptical. Within the marketplace of online information search, I argue that conservatives are likely to be more trusting of sponsored communications than liberals, who lean toward organic content.

    The importance of values becomes clear in a final analysis I conducted. In this real-world experiment, I created search ads for a website built specifically for this research and found that conservatives were more likely to click ads in response to broad searches, such as “Buy headphones.” But for more specific, detailed searches – for example, “Buy headphones with microphone that reduces background noise” – there was no relationship between politics and clicks.

    I suspect this is because broad searches are less cognitively demanding – in other words, they require less brainpower. This allows our core beliefs to influence our decisions. In fact, this is consistent with research on information processing that shows broad thinking leads to stronger political attitudes.

    On the other hand, I argue that specific searches require us to pay close attention to the information we are processing, which disables our core beliefs from being the primary influence on our decisions.

    Why advertisers should take note

    These findings have obvious benefits for advertisers who want to better understand who’s most likely to click on search ads. This can help them generate campaign strategies that account for consumers’ political orientations, which I have shown to be a better predictor of click behavior than typical segmentation variables such as age or income.

    Given that liberals are less likely to click search ads, it also suggests advertisers should be thinking about alternative ways to reach them. It’s possible that liberals could be persuaded to click search ads through a greater inclusion of trust symbols in advertising communications, such as star ratings or endorsements from credible influencers.

    Alexander Davidson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Your politics can affect whether you click on sponsored search results, new research shows – https://theconversation.com/your-politics-can-affect-whether-you-click-on-sponsored-search-results-new-research-shows-239800

    MIL OSI – Global Reports

  • MIL-OSI Global: Colorado’s Amendment 80 wants to make school choice ‘a right’ when it already is – an expert in educational policy explains the disconnect

    Source: The Conversation – USA – By Christopher Lubienski, Professor of Education Policy, Indiana University

    In November, Colorado voters will decide whether the state’s constitution should be amended to specify a right to school choice.

    But school choice is already guaranteed by state statute and federal courts. So why is this initiative being posed at all?

    Even the initiative’s backers acknowledge that Colorado already has “one of the best school choice statutes in the nation.” Moreover, the ability for parents to choose private schools has been affirmed by the U.S. Supreme Court for at least a century.

    I have been studying school choice for almost three decades and can say Amendment 80 raises serious questions about the strategies being used by the school choice advocates who put it on the ballot.

    School choice in Colorado

    School choice options have expanded rapidly across the U.S. in recent years. Currently, it is estimated that over 3.5 million students now attend charter schools, and in the past three years, nine states have approved new programs that provide public funds for private schooling.

    In 1993, Colorado became one of the first states to authorize charter schools. Charter schools are publicly funded but privately or independently managed. They are now legal in 45 states.

    Likewise, Colorado law enables parents to choose public schools outside their district — an open-enrollment option that is also quite common throughout the U.S., permitted in 43 states.

    But a new wave of school choice policies is emerging from conservative legislatures. Several red states, like Utah, Iowa and Indiana, recently created policies to fund universal or near-universal private school choice. These programs – vouchers or education savings accounts – use taxpayer funds to pay for private school tuition and, with education savings accounts, other educational expenses as well. Unlike charter schools, which are technically public schools and accountable to public authorities, these programs funding private schools have few if any regulations on the schools receiving taxpayer dollars.

    Colorado is in a different category altogether.

    Indeed, Colorado voters have repeatedly rejected ballot measures to implement private school choice. That mirrors voters across the country, who tend to reject these intiatives, often resoundingly.

    Moreover, Colorado’s original state constitution explicitly prohibits sending public funds to private schools.

    In essence, Colorado is a trailblazer when it comes to funding school choice in the public sector – but not the private sector. Like all Americans, Coloradans have every right under federal law to choose a private school at their own expense.

    Amendment 80 would give children the ‘right’ to choose from neighborhood, charter, private and home schools, as well as ‘future innovations in education.’
    Ed Andrieski/AP Photo

    Who supports Amendment 80

    Amendment 80 reflects a familiar political divide when it comes to school choice policies.

    Republicans largely support more parental prerogatives to choose schools, including private schools, and fewer restrictions on those schools.

    Democrats tend to oppose unregulated choice and programs that fund private schools, and support accountability measures for schools that receive public funds.

    There are, of course, exceptions to this partisan divide.

    Some Democrats, including Colorado Gov. Jared Polis, who founded two charter schools, have objected to efforts to regulate charters.

    Meanwhile, some conservatives, including Christian homeschoolers, have expressed concerns about government involvement in private schooling, which they fear could lead to regulation.

    The proposal frames school choice as a child’s right, leading some to worry it will give a student’s wishes legal predominance over their parents’.

    Those skeptics may have a point. Rather than push directly for school vouchers, backers of Amendment 80 simply make the seemingly innocuous assertion that school choice is a “right.”

    School choice as a ‘right’

    The fact that advocates for this measure are framing the issue this way – rather than as an effective taxpayer-funded policy, for example – is telling.

    While there are different forms of school choice, like charter and magnet schools, the modern private school choice movement emerged as a way for Southern segregationists to avoid integration.

    The movement gained momentum in the 1990s by asserting that choice leads to better educational outcomes, and that it gives low-income students an equitable opportunity to attend better schools.

    Those claims have not stood up.

    Every rigorous study of statewide voucher programs in the past 10 years has shown that they do not improve student outcomes. In fact, they have led to some of the largest learning losses ever measured — comparable to the losses from the COVID-19 pandemic.

    Rather than simply giving low-income students opportunities beyond their segregated schools, charter schools lead to higher levels of segregation.

    Additionally, statewide private school choice programs, such as what one might envision arising from Amendment 80, are budget-busters for state treasuries and for rural schools as they channel public funds away from high-need areas to affluent families using these programs.

    In light of that track record, it is not surprising to see choice advocates move away from their earlier equity claims and focus instead on “rights” — even when such a right can lead to worse educational outcomes for kids.

    But even if the rhetorical strategy around Amendment 80 is clear, the question still stands: Why push to enshrine rights that are already effectively available through both Colorado law and U.S. Supreme Court rulings?

    The full text of Amendment 80 that appears on the November 2024 ballot in Colorado.
    Colorado Secretary of State

    Public funds for private schools

    Michael Fields, the president of Advance Colorado, the organization that promoted the proposal, noted that the idea is to “preserve” and “protect families’ ability to choose the best educational options for themselves.”

    Elsewhere, he said, “It’s really just cementing the school choice laws that we have in Colorado right now into the constitution.”

    Essentially he is arguing that Amendment 80 would confirm the status quo in Colorado.

    But the actual language of the initiative tells a different story.

    Rather than simply affirming an existing right to choose a public, charter or homeschool, the more important issue here is the right to choose a private school.

    Of course, this right already exists. Since at least 1925, parents across the U.S. have been guaranteed the right to choose private schools for their children, but at their own expense.

    If Amendment 80 passes, I expect we will see the argument that such a right is meaningless without funding to support the choice of private schools. After all, when people talk about the right to public education or health care, the underlying assumption is that there is no cost barrier to exercising that right, which is funded by taxpayers.

    Recent rulings by the U.S. Supreme Court suggest Colorado’s prohibition on the use of public funds for “church or sectarian” schools could be challenged in court. Adding a right to private school choice to the state’s constitution through Amendment 80 appears to be designed to provide the basis for such a challenge.

    Early voting is happening now in Colorado. Find your polling place here.

    Christopher Lubienski does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Colorado’s Amendment 80 wants to make school choice ‘a right’ when it already is – an expert in educational policy explains the disconnect – https://theconversation.com/colorados-amendment-80-wants-to-make-school-choice-a-right-when-it-already-is-an-expert-in-educational-policy-explains-the-disconnect-240896

    MIL OSI – Global Reports

  • MIL-OSI Global: Tiny airborne particles within air pollution could be a silent killer – new study uncovers hidden risks and reveals who’s most at risk in New York state

    Source: The Conversation – USA – By Shao Lin, Professor of Public Health, University at Albany, State University of New York

    Ultrafine particles stem from a variety of natural and human-made sources, including vehicle exhaust. Joe Raedle/Getty Images

    Long-term high ultrafine particle concentrations in New York state neighborhoods are linked to higher numbers of deaths. That is the key finding of our new research, published in the Journal of Hazardous Materials.

    Our study shows that high levels of ultrafine particles in the atmosphere over long periods of time are significantly associated with increased non-accidental deaths, particularly from cardiovascular and respiratory diseases.

    Ultrafine particles are aerosols less than 0.1 micrometers, or 100 nanometers, in diameter — about one-thousandth the width of a human hair. Due to their tiny size, they can be easily inhaled into the distal branches of lungs, quickly absorbed into the bloodstream and even pass through organ barriers.

    We also found that certain underserved populations, including Hispanics, non-Hispanic Black people, children under 5, older adults and non-New York City residents, are more susceptible to the adverse effects of ultrafine particles. The disparities our study uncovered underscore the necessity for public health agencies to focus on and protect high-risk populations.

    We quantified the long-term health impacts of exposure to these pollutants by combining mortality data from vital records in New York state and using a model that tracks how particles move and change through the air.

    Because ultrafine particles are so small, they are difficult to study, and more research is needed to determine how unsafe they are.

    Why it matters

    Air pollution is now ranked the second-leading risk factor for death, accounting for about 8.1 million deaths globally and about 600,000 deaths in the United States in 2021.

    Most air pollution standards and regulations have been focused on larger particulate matter, such as PM2.5 – which includes organic compounds and metal particulates – and PM10, a category that includes dust, pollen and mold.

    In comparison, ultrafine particles are typically much greater in number and have a much larger surface area-to-volume ratio, allowing them to carry substantial amounts of hazardous metals and organic compounds. Furthermore, because of their smaller size, ultrafine particles can follow the air flow and get deep into the lungs when inhaled. These unique characteristics make ultrafine particles particularly dangerous, leading to a range of adverse health problems.

    Despite this understanding, ultrafine particles remain largely unregulated, while larger particulates are regulated under the National Ambient Air Quality Standards.

    Due to their unique characteristics, ultrafine particles require additional, tailored attention.

    Ultrafine particles, not shown, are about one-thousandth the width of a human hair.
    U.S. Environmental Protection Agency

    Ultrafine particles stem from both natural sources and human activity – primarily from combustion processes such as motor vehicles, power plants, wood burning and wildfires. A large share of ultrafine particles is created by chemical reactions in the atmosphere involving acidic gases from fossil fuel burning and ammonia from farming and residential wastes.

    As cities continue to expand and urban populations grow, people’s exposure to these harmful particles is likely to increase. Both PM2.5 and ultrafine particles come from similar sources and can also form through chemical reactions in the atmosphere, but their trends diverge.

    PM2.5 mass has been declining in many places, including New York, thanks to air quality regulations. However, recent research suggests that ultrafine particle numbers are not going down and have been increasing since 2017.

    What still isn’t known

    There are currently no large-scale monitoring sites in the U.S. dedicated to tracking ultrafine particles in the environment. This limits the ability of researchers like us to comprehend the extent of ultrafine particle exposure and its impact on public health.

    What’s more, the exact biological mechanisms through which ultrafine particles cause harm are not yet fully understood. Increasing research evidence suggests that ultrafine particles can affect heart function, causing hardening of arteries, lung inflammation and systemic inflammation.

    There have been few prior studies looking at death rates related to ultrafine particle exposure by demographics and seasonality. By understanding which groups are most vulnerable to ultrafine particle exposure, interventions can be more effectively tailored to lower the risks and protect those who are disproportionately affected. Our study, which is funded by the New York State Energy Research and Development Authority, helps fill in these critical knowledge gaps.

    The Research Brief is a short take on interesting academic work.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Tiny airborne particles within air pollution could be a silent killer – new study uncovers hidden risks and reveals who’s most at risk in New York state – https://theconversation.com/tiny-airborne-particles-within-air-pollution-could-be-a-silent-killer-new-study-uncovers-hidden-risks-and-reveals-whos-most-at-risk-in-new-york-state-236299

    MIL OSI – Global Reports

  • MIL-OSI Global: For many Latter-day Saints, America has a special relationship with God − but Christian nationalism is a step too far

    Source: The Conversation – USA – By Nicholas Shrum, Doctoral Student in Religious Studies, University of Virginia

    Patriotism and faith can weave together in complicated ways − but when does that count as ‘Christian nationalism’? RiverNorthPhotography/iStock via Getty Images Plus

    On the verge of the 2024 elections, Donald Trump and Kamala Harris are ramping up their campaigns in Arizona and Nevada. Beyond being considered swing states, the two have something else in common: Latter-day Saint voters.

    About 5% to 10% of Arizonans and Nevadans belong to the Church of Jesus Christ of Latter-day Saints – among the highest percentages in the country, outside of Utah and Idaho. For decades, a steep majority of Latter-day Saints, often called Mormons, were regarded as reliable Republican voters. But the Trump era has tested that alliance, especially when it comes to many of his backers’ support for Christian nationalism.

    Christian nationalism is often described as the belief that American identity and Christianity are deeply intertwined and, therefore, the U.S. government should promote Christian-based values. Using questions such as whether “being Christian is an important part of being truly American,” a Public Religion Research Institute poll in 2024 found that about 4 in 10 Latter-day Saints nationwide are at least sympathetic to Christian nationalist ideas, if not clear “adherents.” This was the third-highest rate among religious groups, behind white evangelicals and Hispanic Protestants.

    Yet the report also found a seeming contradiction. Utah, home to the church’s headquarters, “is the only red state in which support for Christian nationalism falls below the national average.”

    As a scholar of Mormonism and nationalism, I believe the church’s history and beliefs help explain why so many members wrestle with Christian nationalist ideas – and that this complexity illustrates the difficulty of defining Christian nationalism in the first place. America is sacred in Latter-day Saint doctrine: both the land itself and its constitutional structures. But as a minority that has often faced discrimination from other Christians, the church displays profound skepticism about combining religion and state.

    Sacred space

    The Book of Mormon – one of the church’s key scriptures, alongside the Bible – describes the Americas as “choice above all other lands” and provides an account of Jesus Christ visiting ancient civilizations there after his resurrection.

    In addition, Latter-day Saint doctrine considers the United States’ government to be divinely inspired. In 1833 the church’s founder, Joseph Smith, dictated a revelation wherein God declared “I established the Constitution of this land, by the hands of wise men whom I raised up for this very purpose.”

    In the 1830s, Latter-day Saints migrated from New York and Ohio to western Missouri, where they believed themselves divinely commanded to build a sacred city called Zion. By the end of the decade, however, they had been forced out of Missouri by mob violence and an order from the governor, who called for the group to be “exterminated or driven from the State.”

    Church members fled to neighboring Illinois, then began a long trek west after Smith’s death in 1844. The first pioneers reached Utah Territory in 1847, where they set up a society shaped by their beliefs – including, most famously, the practice of plural marriage. But when Utah applied for statehood, tensions with the federal government mounted.

    Congress enacted anti-polygamy legislation that seized some church property, imprisoned more than 1,000 church members, disenfranchised anyone who supported the practice, and revoked Utah’s 1870 decision to give women the right to vote.

    A photo of Utah polygamists in prison, taken around 1889 by Charles Roscoe Savage.
    Harold B. Lee Library, Brigham Young University, via Wikimedia Commons

    By 1896, church leaders had begun the process of ending plural marriage, and Utah was admitted to the union. Latter-day Saints also adopted the two-party system and embraced free-market capitalism, giving up their more insular and communal system – adapting to dominant ideas of what it meant to be properly American.

    Constitutional patriots

    These experiences tested Latter-day Saints’ faith in the U.S. government – particularly its failure to intervene as members were forced out of Missouri and Illinois. Nevertheless, church doctrine emphasizes duty to one’s country. One of the church’s 13 Articles of Faith explains that “we believe in being subject to kings, presidents, rulers, and magistrates, and in obeying, honoring, and sustaining the law.”

    Latter-day Saints have “a unique responsibility to uphold and defend the United States Constitution and principles of constitutionalism,” as Dallin H. Oaks, a member of the church’s highest governing body, said in 2021.

    I would argue that beliefs in the country’s divine purpose and potential, and the close relationship between faith and patriotism, may illuminate Latter-day Saint sympathy for Christian nationalist ideas. Yet the church’s previously fraught relations with the federal government, and with wider American culture, help explain why a majority of Latter-day Saints remain skeptical of Christian nationalism.

    For much of the 19th and 20th centuries, hostility against the church was so high and widespread that if the U.S. had declared itself a Christian nation, Latter-day Saints would likely have been excluded – and around one-third of Americans still do not consider them “Christian.” According to a 2023 Pew survey, only 15% of Americans say they have a favorable impression of Latter-day Saints, while 25% report unfavorable views.

    Latter-day Saint leaders believe they have a right to exert moral influence on public policy. But the church’s awareness of its own precarious position in U.S. culture has made it wary of policies that put some people’s religious freedom above others.

    Church members wait for The Church of Jesus Christ of Latter-day Saints’ biannual general conference to begin on Oct. 5, 2024, in Salt Lake City, Utah.
    AP Photo/Hannah Schoenbaum

    A step too far

    This wariness has also shaped Latter-day Saint culture’s inclination to avoid extremes. After decades of being marginalized for practices considered radical, the modern church and its adherents have walked a delicate tightrope. And for many, Christian nationalism and the candidate many adherents put their hope in – Donald Trump – seem a step too far.

    Over the past half-century, Latter-day Saints tended to align politically and culturally with conservative Catholics and evangelicals. On balance, the church remains highly conservative on social issues, especially gender and sexuality, and 70% of its American members lean Republican. However, more younger Latter-day Saints have much more progressive views – and even the leadership has parted ways with the GOP on some issues, such as strict immigration proposals. While the church opposes “elective abortion,” it allows for several exceptions.

    During the 2016 election, only about half of the church’s members voted for Trump; 15% voted for Evan McMullin, a Latter-day Saint who positioned himself as a moderate choice between Trump and Hillary Clinton. In 2020, Trump garnered about 7 in 10 Latter-day Saint votes.

    During congressional hearings about the Jan. 6, 2021, attack on the U.S. Capitol, Arizona House Speaker Russell “Rusty” Bowers, who resisted pressure from the Trump administration to recall the state’s electors, cited his Latter-day Saint beliefs. “It is a tenet of my faith that the Constitution is divinely inspired,” Bowers said, explaining his refusal to go along with the scheme.

    Arizona House Speaker Rusty Bowers, left, is sworn in before testimony at the Capitol on June 21, 2022, alongside Georgia Secretary of State Brad Raffensperger and Georgia Deputy Secretary of State Gabriel Sterling.
    AP Photo/J. Scott Applewhite

    In June 2023, church leaders issued a statement against straight-ticket voting, saying “voting based on ‘tradition’ without careful study of candidates and their positions on important issues is a threat to democracy.”

    Holy purpose

    Ever since the Puritans, many people in what became the United States have believed God has a special plan for their society – part of the same current that drives Christian nationalism today.

    Latter-day Saints, however, have a specific vision of that plan. According to the church’s teachings and scriptures, the country’s establishment was a necessary step toward restoring the “only true and living church” – their own. And that church is a global one, not just American. More than half of all Latter-day Saints today live outside the U.S.

    Ultimately, Latter-day Saint teachings consider America’s story part of a greater goal: ushering in the second coming of Jesus Christ. As the church’s name suggests, Latter-day Saints believe that they are living in the last days, just before the millennial reign of Jesus – a kingdom where national and political distinctions melt away.

    But as with all other churches, its members live in the current day, where political, cultural and social realities shape how they interact with the world around them – and how they vote.

    Nicholas Shrum does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. For many Latter-day Saints, America has a special relationship with God − but Christian nationalism is a step too far – https://theconversation.com/for-many-latter-day-saints-america-has-a-special-relationship-with-god-but-christian-nationalism-is-a-step-too-far-228594

    MIL OSI – Global Reports

  • MIL-OSI Global: Proof that immigrants fuel the US economy is found in the billions they send back home

    Source: The Conversation – USA – By Ernesto Castañeda, Professor, American University

    Migrant workers pick strawberries during harvest south of San Francisco, Calif. Visions of America/Joe Sohm/Universal Images Group via Getty Images

    Donald Trump has vowed to deport millions of immigrants if he is elected to a second term, claiming that, among other things, foreign-born workers take jobs from others. His running mate JD Vance has echoed those anti-immigrant views.

    Researchers, however, generally agree that massive deportations would hurt the U.S. economy, perhaps even triggering a recession.

    Social scientists and analysts tend to concur that immigration — both documented and undocumented — spurs economic growth. But it is almost impossible to calculate directly how much immigrants contribute to the economy. That’s because we don’t know the earnings of every immigrant worker in the United States.

    We do, however, have a good idea of how much they send back to their home countries – more than US$81 billion in 2022, according to the World Bank. And we can use this figure to indirectly calculate the total economic value of immigrant labor in the U.S.

    Economic contributions are likely underestimated

    I conducted a study with researchers at the Center for Latin American and Latino Studies and the Immigration Lab at American University to quantify how much immigrants contribute to the U.S. economy based on their remittances, or money sent back home.

    Several studies indicate that remittances constitute 17.5% of immigrants’ income.

    Given that, we estimate that the immigrants who remitted in 2022 had take-home wages of over $466 billion. Assuming their take-home wages are around 21% of the economic value of what they produce for the businesses they work for – like workers in similar entry-level jobs in restaurants and construction – then immigrants added a total of $2.2 trillion to the U.S. economy yearly.

    That is about 8% of the gross domestic product of the United States and close to the entire GDP of Canada in 2022 – the world’s ninth-largest economy.

    Immigration strengthens the US

    Beyond its sheer value, this figure tells us something important about immigrant labor: The main beneficiaries of immigrant labor are the U.S. economy and society.

    The $81 billion that immigrants sent home in 2022 is a tiny fraction of their total economic value of $2.2 trillion. The vast majority of immigrant wages and productivity – 96% – stayed in the United States.

    Remittances from the U.S. represent a substantial income source for the people who receive them. But they do not represent a siphoning of U.S. dollars, as Trump has implied when he called remittances “welfare” for people in other countries and suggested taxing them to pay for the construction of a border wall.

    The economic contributions of U.S. immigrants are likely to be even more substantial than what we calculate.

    For one thing, the World Bank’s estimate of immigrant remittances is probably an undercount, since many immigrants send money abroad with people traveling to their home countries.

    In prior research, my colleagues and I have also found that some groups of immigrants are less likely to remit than others.

    One is white-collar professionals – immigrants with careers in banking, science, technology and education, for example. Unlike many undocumented immigrants, white-collar professionals typically have visas that allow them to bring their families with them, so they do not need to send money abroad to cover their household expenses back home.

    Immigrants who have been working in the country for decades and have more family in the country also tend to send remittances less often.

    Both of these groups have higher earnings, and their specialized contributions are not included in our $2.2 trillion estimate.

    A Somali business owner stocks her store in Lewiston, Maine.
    Tom Williams/CQ Roll Call

    Additionally, our estimates do not account for the economic growth stimulated by immigrants when they spend money in the U.S., creating demand, generating jobs and starting businesses that hire immigrants and locals.

    For example, we calculate the contributions of Salvadoran immigrants and their children alone added roughly $223 billion to the U.S. economy in 2023. That’s about 1% of the country’s entire GDP.

    Considering that the U.S. economy grew by about 2% in 2022 and 2023, that’s a substantial sum.

    These figures are a reminder that the financial success of the U.S. relies on immigrants and their labor.

    Ernesto Castañeda does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Proof that immigrants fuel the US economy is found in the billions they send back home – https://theconversation.com/proof-that-immigrants-fuel-the-us-economy-is-found-in-the-billions-they-send-back-home-227542

    MIL OSI – Global Reports

  • MIL-OSI Global: Is America ready for a woman president? Voters’ attitudes to women politicians are radically different from a decade ago

    Source: The Conversation – USA – By Angela L. Bos, Dean and Professor, School of Public Service, Boise State University, Boise State University

    Voters hold clear and positive stereotypes of women politicians − while they don’t think as positively about men in politics. Artis777/iStock/Getty Images

    If U.S. voters elect Kamala Harris – a Black, Asian American woman – president, it would be historic on multiple levels. This is now a real possibility due to voters’ positively evolving stereotypes of women politicians.

    Stereotypes have long hindered female candidates, casting them as emotional, weak and sensitive. But now our political science research shows that voters in the U.S. increasingly see women leaders as synonymous with political leadership – and as more effective than men politicians.

    This transformation reflects a broader change in what voters expect in political leaders. They are now more likely to see a woman candidate as a better “fit” for public office. This might help pave the way for Harris to break through the highest glass ceiling in U.S. politics.

    The classic double bind

    Gender stereotypes are the assumptions and expectations people have about men and women. They traditionally present an obstacle for women leaders, including in politics.

    Among the many barriers to a woman becoming president in the U.S. are voters’ gender stereotypes. Men are generally assumed to have masculine traits such as being ambitious and competitive, while women are assumed to possess feminine traits such as being warm and compassionate. In applying gender stereotypes to politicians, voters end up with very different expectations for men and women candidates.

    Democratic candidate Kamala Harris, left, campaigns with former GOP congresswoman and supporter Liz Cheney in Malvern, Pa., on Oct. 21, 2024.
    Melina Mara/The Washington Post via Getty Images

    This presents a classic double bind for women leaders. If they behave like leaders and act dominantly and assertively, they violate expectations of femininity. But if they behave in a stereotypical way, they are not seen as strong leaders.

    The double bind extends to politics. It was long the case that stereotypes of men politicians, but not women politicians, aligned with the leadership qualities that voters desire in political leaders. These traits include competence, strong leadership, empathy and integrity. A 2011 study showed that stereotypes of women politicians lacked clarity, meaning people had no clear expectations. Voters also did not see women politicians in alignment with those same four leadership qualities that voters seek.

    But by 2021, prominent women political leaders such as Hillary Clinton, Nikki Haley and Nancy Pelosi had reshaped the landscape for women seeking office by shaping and solidifying public expectations.

    More women politicians in the spotlight

    More women have assumed political leadership roles in the U.S. over the past decade than in previous decades. The number of women in Congress increased from 90 to 145 between the 111th Congress, which met from 2009 to 2011, to the 117th Congress, which met from 2021 to 2023.

    In addition, high-profile women politicians such as Democrats Pelosi and Clinton, as well as Liz Cheney, a Republican, have received considerable attention from both the media and the electorate. Gender stereotypes about women politicians evolved from being ambiguous to becoming both well defined and positive as voters grew more familiar with them. This has created a political landscape for Harris today that is notably different from the early 2010s.

    We are political scientists whose research examines how gender stereotypes affect women’s political underrepresentation. In 2021, we conducted a study of how voters’ gender stereotypes of politicians had evolved over the previous decade. These are the three main lessons:

    1. Stereotypes of women politicians are increasingly positive

    A decade ago, people did not agree on the traits that defined women politicians. While some people described them as tough, others thought they were weak. Similarly, some reported them as rational, while others saw them as unable to separate feelings from ideas. There were no traits that large groups of people agreed upon to describe women politicians.

    But our study shows that voters now hold clear and positive stereotypes of them.

    When asked about the traits they associate with women politicians, respondents listed positive traits such as intelligent, rational, analytical, ambitious and moral. At the same time, women politicians are least associated with negative traits such as being weak and spineless.

    While stereotypes of women politicians have become more positive, stereotypes of male politicians are now much more negative.
    Image Source/Getty Images

    2. Stereotypes of men politicians have shifted to increased negativity and distrust

    Male politicians were previously seen as confident, well educated, charismatic and driven. But there’s bad news for men in politics: This perception has shifted. Our study revealed that stereotypes of male politicians became much more negative over the decade we studied.

    Today, male politicians are more commonly viewed as power-hungry, selfish, manipulative and self-interested. They are least associated with traits such as being sympathetic or caring about “people like me.” This indicates that voters have become more negative and distrustful toward male politicians.

    3. Women politicians have gained ground on leadership perceptions, surpassing men politicians

    In the past, stereotypes of women politicians were incompatible with leadership stereotypes. But our study shows that this mismatch has subsided. In fact, between 2011 and 2021, scores for women politicians increased on all four leadership traits valued by voters: competence, leadership, empathy and integrity.

    Men politicians, in contrast, have lost ground on all four leadership traits. Women politicians now surpass men politicians in three out of the four leadership traits: competence, empathy and integrity. Expectations of men politicians concerning the fourth trait, strong leadership, are now equal to those of female politicians.

    Kamala Harris may benefit

    Gender stereotypes have long hindered women seeking political office, but more women in prominent leadership positions have fostered positive stereotype change.

    Granted, highly visible women leaders such as Pelosi and Clinton excite both admiration and intense dislike. But seeing them and many other examples in their wake has familiarized voters with women holding power in politics. Voters are thus now more likely to view women candidates like Harris as fitting into leadership roles such as the presidency.

    With growing distrust in politics, and of male politicians specifically, women political leaders – who are viewed as agents of change – may have an opportunity to restore trust in politics.

    Daphne Joanna van der Pas receives funding from the Dutch Research Council.

    Loes Aaldering receives funding from the Dutch Research Council. She is a member of Groenlinks, the Green party in the Netherlands.

    Angela L. Bos does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Is America ready for a woman president? Voters’ attitudes to women politicians are radically different from a decade ago – https://theconversation.com/is-america-ready-for-a-woman-president-voters-attitudes-to-women-politicians-are-radically-different-from-a-decade-ago-240326

    MIL OSI – Global Reports

  • MIL-OSI Global: Your next favorite story won’t be written by AI – but it could be someday

    Source: The Conversation – USA – By Haoran Chu, Assistant Professor of Communications, University of Florida

    AI language models are getting pretty good at writing – but not so much at creative storytelling. Moor Studio/DigitalVision Vectors via Getty Images

    Stories define people – they shape our relationships, cultures and societies. Unlike other skills replaced by technology, storytelling has remained uniquely human, setting people apart from machines. But now, even storytelling is being challenged. Artificial intelligence, powered by vast datasets, can generate stories that sometimes rival, or even surpass, those written by humans.

    Creative professionals have been among the first to feel the threat of AI. Last year, Hollywood screenwriters protested, demanding – and winning – protections against AI replacing their jobs. As university professors, we’ve seen student work that seems suspiciously AI-generated, which can be frustrating.

    Beyond the threat to livelihoods, AI’s ability to craft compelling, humanlike stories also poses a societal risk: the spread of misinformation. Fake news, which once required significant effort, can now be produced with ease. This is especially concerning because decades of research have shown that people are often more influenced by stories than by explicit arguments and entreaties.

    We set out to study how well AI-written stories stack up against those by human storytellers. We found that AI storytelling is impressive, but professional writers needn’t worry – at least not yet.

    The power of stories

    How do stories influence people? Their power often lies in transportation – the feeling of being transported to and fully immersed in an imagined world. You’ve likely experienced this while losing yourself in the wizarding world of Harry Potter or 19th-century English society in “Pride and Prejudice.” This kind of immersion lets you experience new places and understand others’ perspectives, often influencing how you view your own life afterward.

    When you’re transported by a story, you not only learn by observing, but your skepticism is also suspended. You’re so engrossed in the storyline that you let your guard down, allowing the story to influence you without triggering skepticism in it or the feeling of being manipulated.

    Given the power of stories, can AI tell a good one? This question matters not only to those in creative industries but to everyone. A good story can change lives, as evidenced by mythical and nationalist narratives that have influenced wars and peace.

    Storytelling can be powerfully influential – especially if people sense the human behind the words.
    georgeclerk/E+ via Getty Images

    Studying whether AI can tell compelling stories also helps researchers like us understand what makes narratives effective. Unlike human writers, AI provides a controlled way to experiment with storytelling techniques.

    Head-to-head results

    In our experiments, we explored whether AI could tell compelling stories. We used descriptions from published studies to prompt ChatGPT to generate three narratives, then asked over 2,000 participants to read and rate their engagement with these stories. We labeled half as AI-written and half as human-written.

    Our results were mixed. In three experiments, participants found human-written stories to be generally more “transporting” than AI-generated ones, regardless of how the source was labeled. However, they were not more likely to raise questions about AI-generated stories. In multiple cases, they even challenged them less than human-written ones. The one clear finding was that labeling a story as AI-written made it less appealing to participants and led to more skepticism, no matter the actual author.

    Why is this the case? Linguistic analysis of the stories showed that AI-generated stories tended to have longer paragraphs and sentences, while human writers showed more stylistic diversity. AI writes coherently, with strong links between sentences and ideas, but human writers vary more, creating a richer experience. This also points to the possibility that prompting AI models to write in more diverse tones and styles may improve their storytelling.

    These findings provide an early look at AI’s potential for storytelling. We also looked at research in storytelling, psychology and philosophy to understand what makes a good story.

    We believe four things make stories engaging: good writing, believability, creativity and lived experience. AI is great at writing fluently and making stories believable. But creativity and real-life experiences are where AI falls short. Creativity means coming up with new ideas, while AI is designed to predict the most likely outcome. And although AI can sound human, it lacks the real-life experiences that often make stories truly compelling.

    Closing in?

    It’s too early to come to a definitive conclusion about whether AI can eventually be used for high-quality storytelling. AI is good at writing fluently and coherently, and its creativity may rival that of average writers. However, AI’s strength lies in predictability. Its algorithms are designed to generate the most likely outcome based on data, which can make its stories appealing in a familiar way. This is similar to the concept of beauty in averageness, the documented preference people have for composite images that represent the average face of a population. This predictability, though limiting true creativity, can still resonate with audiences.

    For now, screenwriters and novelists aren’t at risk of losing their jobs. AI can tell stories, but they aren’t quite on par with the best human storytellers. Still, as AI continues to evolve, we may see more compelling stories generated by machines, which could pose serious challenges, especially when they’re used to spread misinformation.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Your next favorite story won’t be written by AI – but it could be someday – https://theconversation.com/your-next-favorite-story-wont-be-written-by-ai-but-it-could-be-someday-239284

    MIL OSI – Global Reports

  • MIL-OSI Video: European Commission President Ursula von der LEYEN Western Balkans tour (Bosnia and Herzegovina)

    Source: European Commission (video statements)

    Press Conference with HE Borjana Krišto, Chairwoman of the Council of Ministers Bosnia and Herzegovina

    Watch on the Audiovisual Portal of the European Commission:
    Follow us on:
    -X: https://twitter.com/EU_Commission
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    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=3pb67gxViAU

    MIL OSI Video

  • MIL-OSI Europe: Corruption risk assessment in focus of OSCE seminar in Turkmenistan

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Corruption risk assessment in focus of OSCE seminar in Turkmenistan

    Participants during an OSCE-organized seminar on interagency co-operation and co-ordination in corruption risk assessment, Ashgabat, 23 October 2024, OSCE (OSCE) Photo details

    Interagency co-operation and co-ordination in corruption risk assessment and implementation of the United Nations Convention Against Corruption’s (UNCAC) were addressed at an OSCE-organized seminar that took place in Ashgabat on 23 and 24 October 2024.
    The seminar presented best practices of OSCE participating States in strengthening inter-agency co-operation in preventing and combating corruption.
    An international expert from Moldova provided the participants with a comprehensive overview of the principles and requirements of the United Nations Convention against Corruption and of the process of self-assessment of the implementation of the Convention.
    “Corruption, as a key threat to good governance, democratic processes and fair business practices, also poses a major impediment to progress in trade and connectivity,” said Olivera Zurovac-Kuzman, Economic and Environmental Officer of the OSCE Centre in Ashgabat.
    “The OSCE Centrе in Ashgabat is actively collaborating with the Government of Turkmenistan on anti-corruption and related issues and stands ready to support efforts to improve public administration, promote transparency and accountability, and foster inter-agency co-operation and co-ordination in preventing and combating corruption,” stressed Zurovac-Kuzman.
    Participants shared their views on how to enhance inter-agency co-operation and co-ordination of actions on key areas of the UN Convention against Corruption and examined parallel financial investigations as a tool to counteract and fight corruption. Special attention was paid to identification, tracing and seizure of criminal assets, pre-seizure planning and management of seized and confiscated assets.
    The two-day event brought together representatives of Ministry of Finance and Economy Turkmenistan, Ministry of Adalat (Justice), State Customs Service, Central Bank, and Mejlis (Parliament), as well as the Union of Industrialists and Entrepreneurs and other relevant institutions.

    MIL OSI Europe News

  • MIL-OSI Canada: Investing in the big impact of small business

    Source: Government of Canada News

    Federal support will help four Nova Scotia companies boost productivity and reach new markets

    October 24, 2024 · Dartmouth, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

    From October 20th to 26th during Small Business Week, Canadians across the country are celebrating the crucial role that local companies play in strengthening our communities and economies. Small- and medium-sized businesses are powerful engines for Canada’s economy, employing 64% of Canadian workers. The Government of Canada is investing to help position four Nova Scotia companies for growth and success.

    Accelerating Nova Scotia companies with diverse offerings, common goals

    Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, announced repayable contributions totalling $1,486,305 for four companies looking to accelerate their growth and reach new markets.

    A $721,305 contribution to Outdoor Fit Exercise Systems will enable the company to install cutting-edge powder paint coating equipment at its Dartmouth production facility. The upgrade will streamline operations, more than double the production capacity of its outdoor fitness equipment parts, and pave the way for a new business venture called Versa Coatings, a powder coating division serving businesses across Atlantic Canada.

    A $315,000 contribution to Tony’s Meats Ltd. will help it add manufacturing and shipping equipment to produce more value-added products, more efficiently. The new lineup of tools at its Antigonish site includes a smokehouse that will reduce overall electrical consumption and new technologies that will grow its product lineup to appeal to new clients.

    A $300,000 contribution to Sydney’s Ethical Swag Inc., Cape Breton’s only Certified B Corporation, will help it launch sales and marketing activities for its sustainable promotional products. Digital marketing, customer support improvements, and a build-out of its technology platform will help it reach new markets, empowering companies across Canada and the United States to choose eco-friendly advertising solutions.

    A $150,000 contribution to Ravens Rest Retreat Limited in Moose Brook will add a new multipurpose cottage with accessible washrooms and a kitchen, as well as a health and wellness area with a gazebo, hot and cold tubs, and a sauna. The additions will support new activities like yoga retreats and Indigenous cuisine and storytelling, encouraging longer stays and attracting guests during the colder months.

    Today’s announcement demonstrates the Government of Canada’s commitment to helping small businesses diversify, compete, and grow, creating jobs and boosting the economy. 

    MIL OSI Canada News

  • MIL-OSI Video: European Commission President Ursula von der LEYEN Western Balkans tour (Serbia)

    Source: European Commission (video statements)

    Press conference with HE Aleksandar Vučić, President of the Republic of Serbia

    Watch on the Audiovisual Portal of the European Commission:
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    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=Tjj3a8mPfko

    MIL OSI Video

  • MIL-OSI USA: Disaster Recovery Center Opening in Chester County

    Source: US Federal Emergency Management Agency 2

    Disaster Recovery Center will open in Chester County to provide in-person assistance to South Carolinians affected by Hurricane Helene.  
    Chester CountyChester County Government Office1476 J A Cochran BypassChester, SC 29706
    Open Oct. 24-26, 8 a.m.- 7 p.m.  
    Additional Disaster Recovery Centers are scheduled to open in other South Carolina counties. Click here to find centers that are already open in South Carolina. You can visit any open center to meet with representatives of FEMA, the state of South Carolina and the U.S. Small Business Administration. No appointment is needed. 
    To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 
    Homeowners and renters in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation can apply for federal assistance.
    The quickest way to apply is to go online to DisasterAssistance.gov. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link.
    FEMA programs are accessible to survivors with disabilities and others with access and functional needs. 

    MIL OSI USA News

  • MIL-OSI Global: Light and sound art show Eclipse by Nonotak is an immersive and sensory experience

    Source: The Conversation – UK – By Rob Flint, Senior Lecturer Nottingham in the School of Art and Design, Nottingham Trent University

    Audiovisual art is changing rapidly. Increasingly powerful projectors, screens and lighting rigs with integrated control systems, pervade the interwoven worlds of cinema, gallery and concert halls. These changes blur the borders of the art form with gaming, club and gig visuals, semi-permanent immersive experiences, and giant outdoor screens and projection-mapped buildings.

    I’m fascinated by electronic light and sound in art, music and cinema, and so was curious to experience Eclipse, “a spatial light and sound experience” by Japanese art studio Nonotak (Noemi Schipfer and Takami Nakamoto).

    You enter the exhibition into a darkened lounge bar that features the first of three separate experiences: a flat, wall-based light work titled Highway that gives a powerful sense of horizontal motion from the stepped sequence of flashing white bands of light.

    The next, Dual, is a large sound and light space that uses the kind of directional lighting seen onstage at concerts to make deep spatial patterns with beams of light against a soft haze.

    The third, Hidden Shadow, returns us to an image-based experience with directional seating and a large flat LED wall, on which shifting and dissolving points continually redefine a circle, linked to powerful overhead strobe-type lights in a way that seems to reference the installation title.

    These are all monochrome, programmed in sequences, with continuous repetition. Although the timed-entry system seems to encourage the viewer’s movement through the spaces, roughly corresponding to their duration, ending again in the lounge and bar area.

    Immersed in pulsing light and sound, I look for coordinates to ground my experience. There’s a long history of artists making light and sound do things simultaneously. Psychedelia seems an obvious ancestor.

    Even before Hoppy Hopkins made liquid light swirl to the sound of Pink Floyd at London’s UFO club in the 1960s, pioneers in the US and Europe had constructed “colour organs” to play coloured lights in a musical way and painted glass slides for theatre projection, to access the synaesthesia (a neurodivergent condition that links the senses in unexpected ways) which was believed by some to be buried deep in all of us.

    Animated film is part of this story, with Disney’s Fantasia the best-known union of music and visual movement in early popular film history, though modernists like Oskar Fischinger (who contributed to Fantasia) and Viking Eggeling made more austere abstract combinations of rhythm and graphic object for avant-garde audiences.

    Nearby the Eclipse venue, the Tate Modern shows Anthony McCall’s 1970’s Solid Light installation works. Originally developed on clattering 16mm celluloid film for dusty and cigarette-smoke-filled social spaces, they play quietly and continually now on digital projectors with programmed haze machines in a clean, purpose-built gallery.

    Closer in appearance (and in time) to the work of Nonotak are audiovisual artists like Carsten Nicolai and Ryoji Ikeda. They reconfigured the “visual music” tradition with a stripped-down and often monochromatic union of sound and light, bringing the precision of post-digital graphics to minimal techno and dub or the spookiness of glitch electronica to what is often now referred to as “a/v performance”.

    Ikeda’s 2017 installation test pattern explored a similar aesthetic across the river at London’s 180 Strand Studios, home of another organisation dedicated to expanded audiovisual art.

    Lumen Studios, who curated and presented the show, are aiming Eclipse at programmers, graphic designers and “edgy people”, literate in gaming, coding, NFTs, cryptocurrencies and other screen-based worlds and objects.

    These are not necessarily the same people who would connect McCall’s lines of “solid light” to 1970s Materialist Cinema’s highly political demand to reject the “illusionistic” conventions of mainstream realist film. Nor should they have to.

    The human eye is trained differently than it was when television ended before midnight and cinemas were not rivalled by streamed media on demand. This space could have entirely different reference points to those I am evoking. Set design, for example. On their website, Nonotak cites scenography, theatre, film, dance, architecture, and drawing among their areas of practice.

    So maybe now it’s me that is the performer, on, or inside, a virtual stage or film set. Standing in the largest of the three installations, Dual, I feel as though I might be running from an alien on a giant transport ship heading for Mars.

    I could also be in a more earth-bound comparison, standing at the back of a giant warehouse party, or a rave, away from the crush of dancing bodies while still in the synchronised cocoon of sensory electronics. It is visual, but also physical, and it creates a powerful kinetic dislocation from the space in which it is situated.

    This last comparison highlights the “in-between” nature of the Eclipse installations in its temporary accommodation in Bermondsey. The cocktail bar points gently (and legally) towards the hedonism of gigs and raves, but the regulated entry system suggests a more institutional mode of attention, closer to the time-stamped immersive museum experience or even a live-action gaming environment, like an upmarket Laserquest.

    Similarly, the audio, filled with effectively light-synchronised rhythmic pulsing, doesn’t have the gut-level bass of a contemporary club or music venue sound system. And while the slightly disembodied vitality of Dual made me think about dancing and moving in a slightly different way, it isn’t a dance floor.

    Nor did it make promises of that kind. So this is less a criticism of the work than a recognition that my coordinates will always need updating, as the spaces we move through adapt to different forms of attention. If our species is fortunate enough to continue devoting time, technology, materials and labour to human sensory curiosity in the decades that follow, there will be more hybrid collisions of light, sound, image, rhythm, music, in real and imaginary, actual and virtual, space. I very much hope so.

    Eclipse by Nonotak is on until December 8 2024 at 47 Tanner St, London



    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    Rob Flint does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Light and sound art show Eclipse by Nonotak is an immersive and sensory experience – https://theconversation.com/light-and-sound-art-show-eclipse-by-nonotak-is-an-immersive-and-sensory-experience-241529

    MIL OSI – Global Reports

  • MIL-OSI USA: Gov. Kemp: TMC Transformers to Bring 110 Jobs, New Manufacturing Facility To Burke County

    Source: US State of Georgia

    Atlanta, GA – Governor Brian P. Kemp today announced that TMC Transformers USA Inc. (TMC), an international dry-type transformers manufacturer for a wide range of industrial applications, will expand its footprint in Georgia by investing more than $15.3 million over the next five years in a new manufacturing facility in Waynesboro, creating at least 110 new jobs in Burke County.

    “When we lead economic missions overseas and meet with companies like TMC, we do so to bring more opportunities back to hardworking Georgians, and so job creators like them can build a strong foundation alongside communities like Waynesboro,” said Governor Brian Kemp. “TMC’s decision to create over 100 well-paying jobs in Burke County comes at a critical time, and we look forward to their impact as that region of our state continues to recover and rebuild following the recent hurricanes.”

    TMC is a multinational company focused on design and production of medium and low voltage dry-type cast resin and VPI transformers. The company, which counts more than 500 employees and commercial offices in Europe, America, and East Asia, established its first U.S. production plant at the beginning of 2023 in Burke County.

    “Combining our expertise in the dry-type transformer industry with the needs of the U.S. market for accessible, reliable, and sustainable energy, the launch of the new plant highlights TMC’s strategic plans for substantial growth in North America,” said Cristiano Palladini, President of TMC USA. “We’re excited that Waynesboro will become a welcoming base for us. Georgia provides strong foundations for our business with its strategic position, the full support from Burke County and the Georgia delegation who share a business-oriented vision, and its community of hardworking and skilled Georgians in line with our needs.”

    TMC’s new facility at the Burke County Industrial Park in Waynesboro highlights its commitment to strengthening the company’s presence and investment in the United States. Operations in Burke County have already started at the company’s first facility, and the new plant is expected to be operational at the beginning of 2026. TMC is now hiring for roles in management, administrative staff, production technicians, operators, testers, sales, and quality control. Hiring will continue over the next few years as the project continues to ramp up. Interested individuals can learn more about careers with TMC at tmctransformers.us.  

    “The Development Authority of Burke County is pleased to have TMC Transformers make Waynesboro their permanent home,” said Austin Stacy, Executive Director of the Development Authority of Burke County. “Their decision to locate here is a true testament to the readiness and strong workforce that Burke County possesses. TMC’s core principles replicate our community’s values, and we look forward to continuing our work together to make Burke County a better place.”

    Senior Regional Project Manager Adela Kelley represented the Georgia Department of Economic Development (GDEcD) Global Commerce team on this competitive project in partnership with the Development Authority of Burke County.

    “After meeting with TMC’s leadership in Italy, we were truly impressed by their warmth, hospitality, and enthusiasm for their decision to invest in Georgia,” said GDEcD Commissioner Pat Wilson. “The transformers TMC will manufacture in Burke County are critical in addressing energy infrastructure needs for the state and the nation. TMC is just the type of company we aim to attract to Georgia: a long-term partner committed to strengthening our communities, economy, and industry ecosystems.”

    For over a century, Georgia has fostered healthy industry practices, encouraged collaboration and innovation, and positioned itself as a leader in developing and harnessing emerging technologies for evolving industries.

    The State of Georgia has had continuous representation in Europe since 1973. Italy is a top 15 trade partner for Georgia, with $3.4 billion in total trade moving between the state’s ports and Italy in 2023. Italy was also in the list of top 10 sources for international investment in Fiscal Year 2023, and Italian companies have invested more than $411 million in Georgia since 2010 through projects with state involvement.

    About TMC Transformers

    TMC Transformers USA Inc. is a leading provider of innovative and high-quality transformer solutions, dedicated to serving the energy needs of industries across North America. With a commitment to excellence and sustainability, TMC specializes in the design, manufacturing, and distribution of dry-type cast resin and VPI transformers. Its products are engineered to meet the highest standards of performance, reliability, and efficiency, ensuring optimal energy management for a wide range of applications, including utilities, data centers, semiconductors manufacturing, railways, marine and offshore, mining, and oil and gas. For more information, please visit tmctransformers.us or contact [email protected].

    MIL OSI USA News

  • MIL-OSI: LPL Financial Welcomes Dougherty, Tedesco & Associates

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC, announced today that the financial advisors at Dougherty, Tedesco & Associates have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $800 million in advisory, brokerage and retirement plan assets,* and join LPL from Osaic.

    Founded in the early 1980s by Charlotte Dougherty, CFP®, the business has evolved over the years to into a holistic wealth management firm and cornerstone of the greater Cincinnati area. Now under the leadership of advisors Andrew Tedesco, CFP®, and John Dougherty, III, MBA, CFP®, CRPC®, the firm offers a comprehensive range of wealth advisory services, including financial planning, investment management, retirement planning and estate planning. The team also includes Registered Sales Assistant John Dougherty, Jr., Director of Client Services Caitlin Ackerman and support staff members Rita Anno and Ben Verchick.

    “Our mission is to lead clients to a more secure financial future, supporting them step by step through life’s various stages,” said John Dougherty, III, noting they primarily serve corporate executives, engineers and medical practitioners. “We take a team approach to providing customized strategies as we explore every avenue to help optimize the client’s success. Throughout the financial planning process, we never lose sight of one essential element: personal service.”

    The transition to LPL Financial represents a calculated move for Dougherty, Tedesco & Associates, positioning the firm to deliver more customized solutions and elevated client services.

    “We are excited to join LPL Financial and leverage its robust platform to provide clients with more holistic, tailored experiences,” Tedesco said. “LPL’s comprehensive platform, advanced technology and substantial resources will give us more flexibility to respond to the diverse needs of our client base. Additionally, LPL’s size, strength and commitment to innovation align with our own values and aspirations for growth. We’re confident in our ability to expand our business and fulfill our commitment to providing exceptional care to help clients navigate their financial journeys with confidence.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Dougherty, Tedesco & Associates to the LPL community and look forward to supporting the growth of their firm. LPL is committed to delivering robust resources, strategic business solutions and innovative capabilities that can help this team and all of our advisors differentiate their practice and be successful at every stage of their business’ lifecycle.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Dougherty, Tedesco & Associates and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2023.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #646723

    The MIL Network

  • MIL-OSI: Phunware Announces Retirement of CEO Mike Snavely and Appoints Stephen Chen as Interim CEO

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN), a leader in cloud enterprise solutions for mobile applications and related technologies, announced today that Michael Snavely, CEO of Phunware, has retired and resigned from Phunware. Stephen Chen, former Chairperson of the Phunware Board of Directors, has assumed the role of interim CEO of Phunware, effective October 22, 2024.

    “We appreciate Mike’s dedication and service to Phunware and wish him much success in the future,” said Mr. Chen. “I am proud and excited to assume the role of interim CEO as we prepare to embark on new opportunities in generative AI, predictive analytics, and cloud-based services. We are confident that this transition will enable Phunware and its shareholders to accelerate our journey.”

    Phunware remains committed to providing cutting-edge software, advertising, and other tools that empower enterprises to connect with people on a deeper, more human level. This new direction, powered by generative AI, reinforces Phunware’s commitment to helping businesses thrive through meaningful engagement and technological transformation. The Phunware management team is excited to advance Phunware’s leadership in mobile and cloud-based solutions, setting the stage for its next phase of growth and expansion into AI-driven technologies and broader digital engagement. In conjunction with this announcement, Phunware has launched a new microsite dedicated to helping businesses and developers better understand and leverage generative AI and Phunware’s mobile app technologies. This resource will guide users through the potential of AI in transforming engagement and business operations. For more details, visit https://ai.phunware.com/.

    Mr. Snavely said, “Leading Phunware as CEO has been one of the most rewarding experiences of my career. I am very proud of what we accomplished as a team over the last 12 months. As I stated in our Letter to Shareholders, Phunware and its platforms, products, and services are well-positioned for the future. I am looking forward to my retirement and to pursuing my passion for rural enterprises.”

    About Phunware 

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement and manage custom mobile applications and analytics, digital advertising and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences. 

    Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies, by leveraging brands, consumers, partners and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants. 

    Phunware Investor Relations: 
    CORE IR
    516-222-2560
    investorrelations@phunware.com

    MZ Group, North America
    Joe McGurk,  Managing Director
    917-259-6895
    PHUN@mzgroup.us

    Safe Harbor / Forward-Looking Statements 

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur. 

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive. 

    By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. 

    The MIL Network

  • MIL-OSI: Coalesce and Fivetran Announce Integration for Real-Time Data Transformation

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Coalesce, the data transformation company, today announced a new technology integration with Fivetran, the global leader in data movement, that enables organizations to prepare and transform raw data as soon as it is ingested into their cloud data platform. This collaboration builds on Fivetran’s industry-leading real-time data movement and replication capabilities by integrating Coalesce’s advanced transformation workflows, creating a more seamless and synchronized ELT process that accelerates data preparation and insight generation.

    “Many organizations spend too much time and resources on ensuring that the platforms and tools that make up their modern data stack work together seamlessly,” said Armon Petrossian, CEO and co-founder of Coalesce. “Our new integration with Fivetran removes the need for manual orchestration of data pipelines and ultimately enables organizations to go from raw data to insights more quickly and efficiently. Fivetran has been an important partner in the data ingestion space since the early days of Coalesce and we are thrilled to further strengthen our alliance and align our shared mission of equipping customers with automated, best-in-class solutions that enable them to scale and quickly extract value from their data.”

    This integration allows customers to optimize and schedule data transformation jobs in alignment with Fivetran syncs, ensuring a more cohesive and automated data pipeline from ingestion to insight. This provides a seamless experience for customers who previously had to enlist additional tools or processes to complete the run.

    “Collaborating with Coalesce advances our mission to make data access as seamless and reliable as electricity,” said Taylor Brown, Co-founder and COO at Fivetran. “By automating data movement and transformation, we’re empowering teams to focus on extracting value from their data instead of managing pipelines. This offering eliminates inefficiencies and drives organizations towards a future where real-time insights are the standard.”

    Benefits for Coalesce and Fivetran customers include:

    • Accelerated, real-time insights
    • Optimized compute and platform costs
    • Enhanced data team productivity

    “We were able to quickly synchronize our Coalesce data pipeline runs with Fivetran syncs through Fivetran’s Coalesce integration,” said Wojciech Dadak, Director of Data Engineering at FCP Euro. “The integration unlocked a workflow that is significantly easier to maintain by offloading the scheduling of Coalesce pipelines onto Fivetran, and made near real-time reporting to business stakeholders for actionable insights significantly simpler for us!”

    To learn more about Coalesce or connect about partnership with the company, please visit: https://coalesce.io/partners/

    Resources

    About Coalesce
    Coalesce revolutionizes data transformations to accelerate the delivery of data projects. Recognizing data transformation’s critical role in the analytics lifecycle, we’ve created an inclusive developer platform that automates most SQL coding without sacrificing flexibility. Our platform boosts data team efficiency tenfold, allowing faster data pipeline development while empowering organizations to concentrate on extracting maximum value from their data. Discover more at Coalesce.io.

    The MIL Network

  • MIL-OSI: MoneyHero Appoints Distinguished Global Executive Wallace Pai to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Mr. Pai brings deep and diverse senior executive experience to MoneyHero, having spent his career with notable multinational companies including Imagination Technologies, Pixelworks, SMIC, GlobalFoundries, Synaptics, Samsung, Google (Motorola Mobility), Cadence, and McKinsey & Company

    MoneyHero’s Chairman Kenneth Chan to be replaced on Audit Committee by Mr. Pai; Committee now made-up entirely of Independent Non-Executive Directors

    SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced that Wallace Pai has been named to the Company’s Board of Directors, effective immediately. In connection with his appointment, Mr. Pai has also replaced MoneyHero’s Chairman, Kenneth Chan, on the Company’s Audit Committee, ensuring the Committee is comprised entirely of Independent Non-Executive Directors.

    Mr. Pai is a seasoned global executive with deep experience across the technology and semiconductor industries. He currently serves as President of Asia Pacific and Chairman of China with Imagination Technologies, where he oversees the group’s regional strategy, revenue, and growth. Previously, Mr. Pai served as COO of Pixelworks, SVP of the Advanced Technology Business at SMIC, and VP/General Manager of Asia Pacific at GlobalFoundries. Earlier in his career, Mr. Pai also held executive roles with Synaptics, Samsung, Google (Motorola Mobility), Qualcomm Technologies, Cadence, and McKinsey & Company. Mr. Pai graduated with a Master of Science from the University of Michigan and a Master of Business Administration from Harvard Business School.

    “Mr. Pai represents a significant addition to our Board of Directors and corporate governance,” said Rohith Murthy, CEO of MoneyHero. “His leadership in the technology sector, as well as a proven track record of success running large-scale enterprises in the Asia Pacific region, will bring immense value to our operations and growth strategy. Mr. Pai has contributed to the vision and oversight of many notable multinational companies throughout his illustrious career, and we are thrilled to have him on board. Moreover, this marks the second major Board appointment that we have achieved this year, which is critical to our future and a testament to the reputation and stature of the MoneyHero Brand.”

    The appointment of Mr. Pai follows the addition of accomplished legal and finance executive Steve Teichman to the Company’s Board, which was announced in June. Importantly, both Mr. Pai and Mr. Teichman bring the unique combination of having experience with U.S. capital markets and leading businesses in Asia Pacific.

    “I am honored to join MoneyHero’s Board and excited to bring new ideas and resources to this winning organization,” said Mr. Pai. “I have been following the MoneyHero story for a while, even before the Company went public last year, and I have been impressed by the strategy and fundamentals of the business, as well as their clear leadership-positioning in the marketplace, which will enable them to continue innovating and outpacing its peers. MoneyHero is absolutely forwarding the fintech industry in Greater Southeast Asia, and I am very much looking forward to being a part of it.”

    For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving Greater Southeast Asia’s digital economy, please visit www.MoneyHeroGroup.com.

    Investors Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    Gaffney Bennett PR
    MoneyHero@gbpr.com

    The MIL Network

  • MIL-OSI: 180 Degree Capital Corp. Notes Preliminary Net Asset Value Per Share of $4.40 as of September 30, 2024, and Expects to Report Full Third Quarter Financial Results and Host a Conference Call During the Week of November 11, 2024

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) noted today that it expects to report a net asset value per share (NAV) of $4.40 as of September 30, 2024. It plans to report and discuss its full results from Q3 2024 and updates from Q4 2024 on a conference call that it plans to schedule for a day during the week of November 11, 2024.

    “While we look forward to issuing our full results for Q3 2024 in a few weeks, we thought it was important to provide a preliminary view to our NAV as of the end of Q3 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Our view is that 180 Degree Capital’s current share price does not reflect the value we believe we have based on our current NAV, nor any relevance to what we believe to be our long-term growth prospects. It is for this reason we have also increased our activism and involvement with our portfolio companies to help drive value creation for all stakeholders. This process and value creation does not happen overnight, and our stepped-up activism within these holdings began in earnest less than a year ago. We continue to believe these efforts will lead to material increases in 180 Degree Capital’s NAV in the ensuing quarters and years.”

    “To be clear, we are not pleased with the performance of 180 Degree Capital’s stock,” added Daniel B. Wolfe, President of 180 Degree Capital. “We are laser focused on taking steps that we believe will lead to creation of value for shareholders. While our activism in certain holdings can lead to restrictions on trading, it allows us to work with management teams to drive outcomes. As Kevin said, these outcomes do not happen overnight. To investors without such access to information, it can look like management teams and boards are not taking such issues seriously, nor driving for value creation with any sense of urgency. We can confidently state these perceptions are misplaced and incorrect, both here at 180 Degree Capital and at our portfolio companies where we are working constructively with management and boards of directors. At 180 Degree Capital, we are driving such value creation through growth of net assets, our previously announced Discount Management Program, and/or through other strategic efforts. We look forward to providing further updates on these efforts as we are able to do so.”

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Mo Shafroth
    RF Binder
    Morrison.shafroth@rfbinder.com

    Forward-Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company’s current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company’s securities filings filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company’s business and other significant factors that could affect the Company’s actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference and link to the website www.180degreecapital.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. 180 is not responsible for the contents of third-party websites.

    The MIL Network

  • MIL-OSI: Marex Group plc Announces Pricing of the Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) — Marex Group plc (“Marex”) (Nasdaq: MRX), the diversified global financial services platform, today announces the pricing of the public offering (the “Offering”) of 8,472,333 ordinary shares by certain selling shareholders (the “Selling Shareholders”) at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares.

    Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders. The Offering is expected to close on October 25, 2024, subject to customary closing conditions.

    Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead book-running managers and as representatives of the underwriters for the proposed Offering. Citigroup, UBS Investment Bank, Piper Sandler & Co. and Berenberg are acting as bookrunners for the Offering. Drexel Hamilton and Loop Capital Markets are acting as co-managers for the Offering.

    The proposed Offering is being made only by means of a prospectus. Copies of the prospectus relating to the proposed Offering may be obtained from:

    • Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com;
    • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com;
    • Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com; or
    • Keefe, Bruyette & Woods Inc., 787 Seventh Avenue, Fourth Floor, New York, NY 10019, attention: Equity Capital Markets, or by calling toll free at (800) 966-1559 or emailing USCapitalMarkets@kbw.com.

    A registration statement on Form F-1 relating to the Offering has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission (the “SEC”).This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including the expected closing date of the Offering. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation: subdued commodity market activity or pricing levels; the effects of geopolitical events, terrorism and wars, such as the effect of Russia’s military action in Ukraine, on market volatility, global macroeconomic conditions and commodity prices; changes in interest rate levels; the risk of our clients and their related financial institutions defaulting on their obligations to us; regulatory, reputational and financial risks as a result of our international operations; software or systems failure, loss or disruption of data or data security failures; an inability to adequately hedge our positions and limitations on our ability to modify contracts and the contractual protections that may be available to us in OTC derivatives transactions; market volatility, reputational risk and regulatory uncertainty related to commodity markets, equities, fixed income, foreign exchange and cryptocurrency; the impact of climate change and the transition to a lower carbon economy on supply chains and the size of the market for certain of our energy products; the impact of changes in judgments, estimates and assumptions made by management in the application of our accounting policies on our reported financial condition and results of operations; lack of sufficient financial liquidity; if we fail to comply with applicable law and regulation, we may be subject to enforcement or other action, forced to cease providing certain services or obliged to change the scope or nature of our operations; significant costs, including adverse impacts on our business, financial condition and results of operations, and expenses associated with compliance with relevant regulations; and if we fail to remediate the material weaknesses we identified in our internal control over financial reporting or prevent material weaknesses in the future, the accuracy and timing of our financial statements may be impacted, which could result in material misstatements in our financial statements or failure to meet our reporting obligations and subject us to potential delisting, regulatory investments or civil or criminal sanctions, and other risks discussed under the caption “Risk Factors” in our Registration Statement filed on Form F-1 with the SEC on October 21, 2024 and our other reports filed with the SEC.

    The forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network

  • MIL-OSI: Starbox Powers 180 Degrees Brandcom with StarboxAI Pro Series, an AI-Driven Expansion into Image, Video, and Live Streaming Content

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, advertising, and payment solutions, is excited to announce that it has started to support 180 Degrees Brandcom Sdn Bhd (“180”) with its StarboxAI Pro Series software for 180’s branding and advertising business. 180, an indirect subsidiary that is 51% owned by Starbox, is a 4A advertising agency incorporated in 2013 that offers digital marketing, advertising consulting and design services. 180 has maintained long-term relationships, with more than 20% of its existing clients for over 15 years. To enhance service quality, 180 anticipates improving brand engagement by using StarboxAI Pro Series, which provides artificial intelligence (“AI”) powered solutions for image creation, video production, and live streaming alongside data-driven marketing strategies.

    Equipped with StarboxAI Pro Series, 180 is expected to have the following new capabilities:

    • AI-powered Image Creation: Generation of campaign-specific image tailored to brand identity.
    • AI-powered Video Production: Fast, automated creation of short videos for product promotion and social media.
    • AI-powered Live Streaming: Real-time engagement with interactive features such as Q&A, purchase guidance, and dynamic content streaming.

    These AI-driven tools are expected to enable 180 to generate creative output, offer personalized campaigns, and provide real-time insights to optimize performance.

    “Through StarboxAI Pro Series, 180 will be able to join data with creativity to quickly produce engaging campaigns. Since its incorporation, 180 has been pursuing excellence in branding and advertising, serving a diverse portfolio of clients. The adoption of StarboxAI Pro Series reinforces 180’s commitment to deliver outstanding brand experiences through image, video, and live streaming solutions. With this adoption, 180 expects to continue to improve brand engagement in a competitive digital landscape,” said Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors of Starbox.  

    About Starbox Group Holdings Ltd

    Headquartered in Malaysia, Starbox is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive technology solutions provider within Southeast Asia and also engages in building a cash rebate, advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com and WeChat Channels: StarboxTechnologies.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

    For more information, please contact:

    Starbox Group Holdings Ltd.
    Investor Relations Department
    Email: ir@starboxholdings.com

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/120adab1-f25c-42b0-9b96-4c1534dd2408

    The MIL Network

  • MIL-OSI: Nokia named Leader in GlobalData’s Small Cell Competitive Landscape Assessment 2024 report

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia named Leader in GlobalData’s Small Cell Competitive Landscape Assessment 2024 report

    • Nokia’s award-winning small cell portfolio recognized as overall Leader in residential and outdoor categories beating competition

    24 October 2024
    Espoo, Finland – Nokia has been named Leader in GlobalData’s Small Cells: Competitive Landscape Assessment September 2024 report. The in-depth report judged all leading small cell providers and positioned Nokia as overall Leader in the Residential and Outdoor categories. In particular, Nokia was commended for being the only vendor to offer an ‘All-in-One’ 5G solution for both outdoor and residential use cases available to the global market. GlobalData is a globally recognized data analytics and consulting organization.

    GlobalData commented that: “Nokia’s outdoor small-cell portfolio offers the lightest, smallest 5G products on the market and support for a wider range of spectrum bands than nearly every other vendor. The portfolio is also distinguished by containing the only all-in-one 5G small cell supporting sub-6 GHz spectrum that is not a CBRS product – a product, branded Kolibri, that is also as compact as any outdoor small cell radio on the market. And its Shikra Outdoor Residential Enterprise.”

    GlobalData defines small cells as ‘mobile base stations that operate under lower power and with a smaller coverage range than traditional base stations. This category includes what have traditionally been called femtocells and picocells, which improve mobile coverage and capacity inside homes and businesses, respectively.’

    Nokia has the widest range of small solutions that address all deployment requirements and offer seamless coverage, capacity and performance in dense urban areas and indoor venues with minimal infrastructure, enabling flexible and scalable deployments. Its advanced indoor radio solutions and compact, plug-and-play small cells enhance in-building coverage and capacity, such as in offices, malls and enterprises. They also support mmWave bands with high bandwidth and data rates for demanding 5G applications like VR, AR and gaming as well as smart cities and IoT applications.

    Mark Atkinson, Head of RAN at Nokia, said: “We are proud to be named Leader in GlobalData’s small cells competitive landscape assessment report. It’s recognition of the steps we have taken to make our portfolio best-in-class for our customers. All of our solutions benefit from having the latest ReefShark chipsets and support all frequency ranges for premium coverage and capacity both indoors and outdoors.”

    Resource and additional information
    Webpage: Nokia Small Cells
    Full Report: GlobalData Report

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI: Foresight Financial Group to Become Region’s Largest Locally Headquartered Bank

    Source: GlobeNewswire (MIL-OSI)

    WINNEBAGO, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) — Foresight Financial Group today announced that, in partnership with each of its six bank brands including German American State Bank, State Bank of Herscher, Lena State Bank, State Bank of Davis, Northwest Bank, and State Bank, that it will be consolidating its six bank charters into one, making it the region’s largest locally headquartered and operated bank in Winnebago County, while maintaining its market share dominance in Stephenson County. Each of the six charters will retain their unique market brand names post consolidation.

    This is the next step in the organization’s ongoing work to enhance operational efficiencies across the Foresight family, streamlining processes, eliminating duplication, and standardizing best practices to deliver enhanced value to the customers and communities it serves. In addition, customers will benefit from a significant increase in lending limits for borrowers, increased depth in staffing resources, and an even greater access to cutting edge treasury management, commercial, and agricultural lending services and professionals. This move makes Foresight Financial Group the region’s largest locally headquartered and locally managed bank with assets in excess of $1.6 billion as of September 30, 2024. All six brands and their customers will benefit from the collective capabilities of Foresight while maintaining their local approach to service.

    “By streamlining our processes through charter consolidation, we’ll be able to bring offerings to our markets more quickly and reinvest in the products, technologies, and services that best meet the needs of our customers,” said Peter Morrison, CEO of Foresight Financial Group. “As a locally headquartered and managed bank, decisions will still be made by those bankers that have been in our communities for years and who possess the firsthand knowledge of local market conditions that is so vital to customer success.”

    “We’ve been focused on creating operational efficiencies across the Foresight family and have already realized significant benefits for our banks and customers,” said Jeff Hultman, President of Foresight Financial Group. “The charter consolidation is the next step in that process, which will reduce workloads on the individual banks, allowing them to focus on the personal connections in their local communities that are central to their success.”

    Each of the Foresight Bank brands will maintain their local identities and staff. Our goal is to retain our current talent while making minimal adjustments to positions to fully align all six charters into one; customers will continue to work with the people they know and trust. Each bank will continue to meet the needs of its community and customers with the added benefit of the standards, procedures, policies, and best practices from across the Foresight family.

    The charter consolidation will begin in late 2024 and the operational consolidation of the charters will be complete in 2025.

    About Foresight Financial

    Foresight Financial is a multi-bank holding company located in Northern Illinois, Its subsidiary community banks include Northwest Bank of Rockford, State Bank in Freeport, State Bank of Davis, German-American State Bank, German Valley, Lena State Bank, and the State Bank of Herscher. Foresight’s common stock is listed on the “OTCQX” market under the trading symbol FGFH.

    Forward-Looking Statements

    When used in this communication, the words “believes,” “expects,” “likely”, “would”, and similar expressions are intended to identify forward-looking statements. The Company’s actual results may differ materially from those described in the forward-looking statements. Factors which could cause such a variance to occur include, but are not limited to: heightened competition; adverse state and federal regulation; failure to obtain new or retain existing customers; ability to attract and retain key executives and personnel; changes in interest rates; unanticipated changes in industry trends; unanticipated changes in credit quality and risk factors, including general economic conditions particularly in the Company’s markets; potential deterioration in real estate values, success in gaining regulatory approvals when required; changes in the Federal Reserve Board monetary policies; unexpected outcomes of new and existing litigation in which the Company or its subsidiaries, officers, directors or employees is named defendants; technological changes; changes in accounting principles generally accepted in the United States; changes in assumptions or conditions affecting the application of “critical accounting policies”; inability to recover previously recorded losses as anticipated, and the inability of third party vendors to perform critical services for the Company or its customers. The inclusion of forward-looking information should not be construed as a representation by the Company or any person that future events or plans contemplated by the Company will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information or otherwise.

    FOR INFORMATION CONTACT:                      Peter Q. Morrison
    CEO
    815-847-7500
          Todd J. James
    CFO
    815-847-7500
             

    The MIL Network

  • MIL-OSI: The Victory Bancorp, Inc., Announces 2024 Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended September 30, 2024.

    Joseph W. Major, Bank Leader and Chief Executive Officer, stated, “Our third quarter results reflect consistent growth and improved earnings. Our commitment to providing top-notch banking services is central to our strategy which we implement by hiring skilled and dedicated bankers who offer trusted advice and exceptional personal service to our clients. Our focus is on maintaining disciplined pricing and credit underwriting practices as we expand the Bank. This diligence not only strengthens our institution but also benefits the communities we serve.”

    As of September 30, 2024, deposits rose to $398.2 million, up from $358.2 million a year earlier—a 10.8% increase. Net loans increased by 12.7%, reaching $395.2 million, compared to $351.9 million on the same date last year. Total assets grew by $49.1 million to $467.9 million, marking an 11.9% increase over the past year. Overall credit quality remained strong, with very low levels of non-performing and non-accrual loans. Because of these excellent credit metrics, third quarter provision for loan losses decreased to $71 thousand, down from $75 thousand in the 3rd quarter of 2023. Notably, non-performing assets fell significantly from $2.2 million at the end of 2023 to $209 thousand as of September 30, 2024.

    Third Quarter 2024 Highlights compared to Third Quarter 2023

    • Net Loans increased 12.7% to $395.2 million from $351.9 million at September 30, 2023
    • $2.9 million increase in stockholders’ equity
    • $0.065 per share cash dividend paid to shareholders
    • Net interest margin at the Bank was 3.58% for the quarter
    • Net income of $586 thousand, totaling approximately $0.29 per common share fully diluted
    • Book value per share as of September 30, 2024 was $14.89
    • Total assets increased by $49.1 million from September 30, 2023 to $467.9 million as of September 30, 2024
    • Credit quality is outstanding

    Capital Insights and Credit Quality:

    • Nonaccrual loans decreased in the third quarter of 2024, from $2.2 million at year end 2023 to $206 thousand in the current quarter.
    • Non-performing assets to total assets rose slightly from 0.01% in the linked quarter to 0.04% in the current quarter.
    • Delinquencies greater than 30 days were 0.05% of total loans as of September 30, 2024, down from 0.68% as of December 31, 2023.
    • The bank’s ACL ratio was 0.91% as of September 30, 2024, down slightly from 0.94% at year-end 2023. The September 30, 2024 ACL covered non-performing loans 17.5 times, an increase from 1.6 times at year-end 2023.
    • The bank remains well capitalized.

    Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania, which is located just outside the Philadelphia market in Montgomery County. The Victory Bank was established in 2008 as a specialized business lender that provides high-quality banking services to small and mid-sized businesses and professionals through its three offices located in Montgomery and Berks Counties, Pennsylvania. Additional information about Victory Bancorp is available on its website, VictoryBank.com.

    This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

    Contact:

    Joseph W. Major,
    Chairman and Chief Executive Officer

    Robert H. Schultz,
    Chief Financial Officer, Chief Operating Officer

    The Victory Bancorp, Inc.
    548 N. Lewis Rd.
    Limerick, PA 19468

    CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)            
    (dollars in thousands, except per share data)            
        September 30,   December 31,   September 30,
    Selected Financial Data   2024   2023   2023
    Investment securities $ 46,110 $ 47,931 $ 47,335
    Loans, net of allowance for loan losses   395,213   364,383   351,926
    Total assets   467,939   442,163   418,843
    Deposits   398,169   364,032   358,207
    Borrowings   24,692   36,200   19,750
    Subordinated debt   12,851   12,830   12,824
    Stockholders’ equity $ 29,437 $ 27,948 $ 26,548
    Book value per common share $ 14.89 $ 14.17 $ 13.47
    Allowance/loans   0.91%   0.94%   0.94%
    Nonperforming assets/total assets   0.04%   0.49%   0.01%
                 
        3 Months Ended
        September 30,   December 31,   September 30,
    Selected Operations Data   2024   2023   2023
    Interest income $ 7,526 $ 6,680 $ 6,298
    Interest expense   4,064   3,337   2,955
    Net interest income   3,462   3,343   3,343
    Provision for loan losses   71   170   75
    Other income   239   210   143
    Other expense   2,895   2,748   2,826
    Income before income taxes   735   635   585
    Income taxes   (149)   (160)   (39)
    Net income $ 586 $ 475 $ 546
    Earnings per common share (basic) $ 0.30 $ 0.24 $ 0.28
    Earnings per common share (diluted) $ 0.29 $ 0.23 $ 0.26
    Return on average assets (annualized)   0.50%   0.45%   0.53%
    Return on average equity (annualized)   8.14%   6.97%   8.05%
    Net charge-offs(recoveries)/average loans   0.01%   0.00%   0.00%

    The MIL Network

  • MIL-OSI: Middlefield Sustainable Global Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Sustainable Global Dividend ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Sustainable Global Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.06
    November 30, 2024 December13, 2024 $0.06
    December 31, 2024 January 15, 2025 $0.06
         

    The trust units trade on the Toronto Stock Exchange under the symbol MDIV.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: Middlefield Healthcare Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Healthcare Dividend ETF (TSX: MHCD) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Healthcare Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.05
    November 30, 2024 December13, 2024 $0.05
    December 31, 2024 January 15, 2025 $0.05
         

    The trust units trade on the Toronto Stock Exchange under the symbol MHCD.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: Drones Driven by A.I. Are Taking Over Major Industries Including Agriculture, Construction, Military & More

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial intelligence (AI) and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Factors such as technological advancements, growing need for automation and efficiency, and the increasing adoption of drones in the Logistics and Delivery, Agriculture and Precision Farming, Disaster Management and Search & Rescue, Environmental Monitoring and Industrial sectors are boosting the adoption of AI solutions in the UAV landscape. A report from Knowledge Sourcing Intelligence projected that the Artificial Intelligence in drone market size is projected to show steady growth during the forecast period (2024-2029). The report said: “Booming drone adoption in the sector boosts AI in drone market growth. Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as “precision agriculture” is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the “Sub-Mission on Agriculture Mechanization” to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer’s Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Palantir Technologies Inc. (NYSE: PLTR), QUALCOMM Incorporated (NASDAQ: QCOM), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO).

    “The growing need for automation in logistics propels AI in drone market. Industries these days need effective and automated ways to handle logistics jobs. Drones and AI together present an attractive alternative for companies looking to increase productivity and accuracy as they save labor expenses and increase productivity by automating operations that were previously done by hand. By the end of 2024, Prime Air plans to expand internationally into Italy and the UK, in addition to starting drone deliveries in the United States. Similarly, in October 2023, Amazon Pharmacy launched drone delivery of pharmaceuticals. Eligible consumers in College Station, Texas, can now have their drugs delivered to their homes via drone within 60 minutes of placing their purchase with Amazon Pharmacy.”

    ZenaTech Inc. (NASDAQ:ZENA) Issues Big Development News Today on Adding Patent Assets to the Company – Get the full details by visiting: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments this week include:

    ZenaTech Announced a Software Company Acquisition Adding Significant Capabilities to Building AI Drones – ZenaTech also announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech’s ZenaDrone AI drone solutions. This transaction further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

    “Adding Jadian and DeskFlex software capabilities to the ZenaTech portfolio is part of our strategy to offer full stack, integrated AI drone solutions targeted to multiple sectors such as Agriculture. Jadian’s compliance software will be integrated with ZenaDrone drone hardware and sensors to help farmers track and manage regulatory and environmental requirements such as crop traceability, fertilizer and pesticide use, water conservation, and greenhouse gas emissions. Deskflex scheduling and mapping software will add value integrated into our property management sector solutions,” said CEO Shaun Passley, Ph.D. Read this full release at: https://finance.yahoo.com/news/zenatech-announces-software-company-acquisition-113000656.html

    Other recent developments in the technology industry include:

    Edgescale AI Inc. and Palantir Technologies Inc. (NYSE: PLTR) recently announced a strategic partnership to deliver Live Edge, a groundbreaking combination of Palantir Edge AI and Edgescale AI distributed infrastructure technology, designed to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments.

    AI is reshaping the world and transforming our relationship with technology, yet applying AI to operational technology in industries and critical infrastructure remains a challenge. So long as the complexity and operational burden of activating machines, equipment, vehicles, and sensors in physical systems remains high, we only achieve a fraction of AI’s true potential for automating our technology and improving our lives.

    QUALCOMM Incorporated (NASDAQ: QCOM) recently announced that, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

    This initiative aims to support early-stage startups in the high-tech sector by guiding them from product design and development to commercialization. It aims to provide a comprehensive suite of support that includes technical assistance, business coaching, and intellectual property (IP) training, all aimed at enhancing the Kingdom’s technology ecosystem. Should this initiative materialize, startups would gain access to resources such as Qualcomm Technologies and Aramco’s industrial experience and RDIA’s strategic guidance.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, recently issued a Letter to Stockholders from Company CEO Bill Irby.

    Dear Stockholders: First, I want to extend my appreciation for the trust and confidence you have placed in AgEagle. Upon taking over as CEO from Grant Begley (former interim CEO and current Board Chairman), we have been evolving and advancing AgEagle toward the creation of maximum long-term shareholder value.

    To fund our aggressive growth plans, we recently completed a $6.5M capital raise. The market’s reaction was a continued decline in our stock price. It became necessary to plan and execute a 50:1 reverse stock split. Our trading was halted October 4th but has since resumed, and I am truly optimistic regarding the path ahead as I believe that the company is currently under-valued… In conclusion, through a combination of our key initiatives, growing demand, and demonstrated progress in our newest market, I believe AgEagle is on the correct path to increase long-term shareholder value. We appreciate your continued support. Sincerely, Bill Irby, CEO

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, recently announced its participation in the upcoming Wings of Saskatchewan event in Regina, from October 30 to October 31, 2024. Draganfly will showcase its latest drone technology advancements, contributing to discussions on industry trends, safety, and regulatory considerations alongside key stakeholders in the aviation sector.

    The Wings of Saskatchewan Conference, hosted by the Saskatchewan Aerial Applicators Association and the Saskatchewan Aviation Council, serves as a vital gathering for the aviation community. This year’s event will bring together leaders from both civil and commercial aviation sectors to discuss technological advancements, regulatory updates, and future trends within the industry.

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